LNG Carrier Market forecast to 2025 just published| Manufacturers are- Samsung Heavy Industries, Mitsui O.S.K. Lines (MOL), Mitsubishi Heavy Industries

LNG carriers are the tank ships designed to carry Liquefied Natural Gas (LNG) at a cryogenic temperature of −161°C. These carriers are equipped with efficient steam turbine-driven propulsion systems, which are propelled by dual fuel diesel electric propulsion systems. This increases the efficiency of LNG carriers by approximate 30% as compared to conventional vessels.

LNG carriers have high resistance to thermal and mechanical stress and strain. LNG carrier manufacturers are constantly involved in innovation and development in order to save cost, increase carrier capacity and improve carrier design. Natural gas is one of the world’s most needed feedstock and with the ever-growing demand for clean energy sources, the demand for LNG is rising, which is subsequently driving the LNG carrier market. The LNG carrier market possesses pronounced growth opportunities for the growth of new as well as established players.

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Asia Pacific dominates the global LNG carrier market and is expected retain its dominance during the forecast period, owing to the increase in demand in countries, such as, China, Japan, India and Pakistan.

Japan is one of the largest importers of LNG across the globe. Moreover, the increasing demand for clean and green energy sources for power generation in most Asian countries is driving the LNG demand in the region. With the increasing offshore and onshore construction activities in the U.S., the LNG carrier market is expected to grow in the North American region. The European LNG Carrier market is also expected to grow with a steady rate during the forecast period, driven by the increasing exploration activity in the region.

The global LNG Carrier market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

Major Key Manufacturers of LNG Carrier Market are:

STX Offshore & Shipbuilding, Samsung Heavy Industries, Mitsui O.S.K. Lines (MOL), Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hyundai Heavy Industries, GasLog Ltd, Dynagas Ltd, Daewoo Shipbuilding and Marine Engineering (DSME), China State Shipbuilding Corporation,

Segmentation by Product-

Under 120,000 m3, 120,000–160,000 m3, Above 160,000 m3,

Segmentation by Application-

Government Organization, LNG Supplier, Other,

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Regions Covered in the Global LNG Carrier Market:-

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Strategic Points Covered in TOC:

Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global LNG Carrier market

Chapter 2: Evaluating the leading manufacturers of the global LNG Carrier market which consists of its revenue, sales, and price of the products

Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales

Chapter 4: Presenting global LNG Carrier market by regions, market share and with revenue and sales for the projected period

Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions

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Finally, the global LNG Carrier Market is a valuable source of guidance for individuals and companies. One of the major reasons behind providing market attractiveness index is to help the target audience and clients to identify the several market opportunities in the global LNG Carrier market. Moreover, for the better understanding of the market, QY Research has also presented a key to get information about various segments of the global LNG Carrier market.

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